Chinas Mining Fiscal Regime: H2 2014

Published: Oct, 2014 | Pages: 20 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's China fiscal regime report covers the governing bodies, laws, mining licenses and ownerships, mining rights and obligations and tax-related information on 11 commodities: coal, iron ore, copper, zinc, bauxite, gold, silver, nickel, chromium, manganese and uranium 

Summary
The country's mining industry is governed by the Ministry of Land and Resources, as well as the Department of Resources Conservation and Environmental Protection. The Mineral Resources law is the apex regulating law for the development of the mining industry, the promotion of exploration, the development of mines, and the utilization and protection of mineral resources. 
Scope
The report outlines China's governing bodies, laws, mining licenses and ownerships, mining rights and obligations and key fiscal terms which includes Royalty, Resource Tax, Urban and Township Tax, Land Appreciation Tax, Enterprise Resource Tax, Vehicle and Vessel Tax, City Maintenance and Construction Tax, Stamp Tax, Depreciation, Deduction, Loss Carry Forward, Capital Gain Tax, Business Tax, Withholding Tax Value Added Tax, VAT and Tax Incentives. 
Reason To Buy
Gain an overview of China's mining fiscal regime. 
Key Highlights
 The Ministry of Land and Resources (MLR) is the main governing body for mining activities in China, and is responsible for the planning, administration, protection and optimum utilization of land, minerals and marine resources.
The NEA is a department under the NDRC that is responsible for the administration of the energy sector, including coal, oil, natural gas, power, nuclear power and renewable energy.
The Department of Resource Conservation and Environmental Protection, under the NRDC, is responsible for the analysis of issues related to the environment and natural resources.
The Mineral Resources Law (amended on August 29, 1996) is the prime law regulating China's mining industry, which covers regulations and directives for the development of the mining industry, the promotion of exploration, the development of mines, and the utilization and protection of mineral resources.
This law was adopted in November 1992 with the aim of ensuring the safety of mine staff; it issues guidelines related to the development of mines and the prevention of mining accidents.

 1 Executive Summary
2 The Chinese Mining Industry - Governing Bodies
2.1.1 Ministry of Land and Resources (MLR)
2.1.2 tiol Development and Reform Commission (NDRC)
2.1.3 tiol Energy Administration (NEA)
2.1.4 Department of Resource Conservation and Environmental Protection
3 The Chinese Mining Industry - Governing Laws
3.1 Mineral Resources Law
3.2 Land Administration Law
3.3 Law on Coal Industry
3.4 Law on Safety in Mines
3.5 Environmental Protection Law
4 The Chinese Mining Industry - Mining Licenses and Ownership
4.1 Ownership of Minerals
4.2 Exploration and Mining License
4.2.1 Issuance of license
4.2.2 Areas of exploration 
4.2.3 Terms of exploration
4.3 Establishment of Coal Mining Enterprise
4.3.1 Coal production license
4.3.2 Application requirements
4.3.3 Transfer of license
4.3.4 Cancellation of license
5 The Chinese Mining Industry - Mining Rights and Obligations
5.1 Rights
5.2 Obligations
6 The Chinese Mining Industry - Key Fiscal Terms
6.1 Royalty
6.2 Resource Tax
6.3 Urban and Township Tax
6.4 Land Appreciation Tax
6.5 Enterprise Resource Tax
6.6 Vehicle and Vessel Usage Tax
6.7 City Maintence and Construction Tax
6.8 Stamp Tax
6.9 Depreciation
6.10 Deductions
6.11 Loss Carry Forward
6.12 Capital Gain Tax (CGT)
6.13 Business Tax
6.14 Withholding Tax
6.15 Value Added Tax (VAT)
6.16 Tax Incentive
7 Appendix
7.1 What is this Report About?
7.2 Methodology
7.3 Secondary Research
7.4 Primary Research
7.5 Contact Timetric
7.6 About Timetric
7.7 Timetric's Services
7.8 Disclaimer


List of Tables
Table 1: The Mining Industry in Chi - Fiscal Regime Terms and Other Taxes, 2014
Table 2: The Mining Industry in Chi - Urban and Township Tax (CNY), 2014
Table 3: The Mining Industry in Chi - Land Appreciation Tax (%), 2014
Table 4: The Mining Industry in Chi - Stamp Tax Schedule and Tax Rates (%), 2014
Table 5: The Mining Industry in Chi - Depreciation (Years), 2014
Table 6: The Mining Industry in Chi - Business Tax (%), 2014